IIA
IIA-CHAL-QISA
Q1:
During which phase of the contracting process are contracts drafted for a proposed business activity'
○
A
Initiation phase.○
B
Bidding phase.○
C
Development phase.○
D
Management phase
IIA
IIA-CHAL-QISA
Q2:
Which of the following should be included in a company's year-end inventory valuation?
○
A
Company goods that were sold during the year, free on board shipping point, that have been shipped but not yet received by the customer○
B
Goods purchased by the company, free on board destination, that have not yet been received.○
C
Goods on consignment, which the company is trying to sell for its customers.○
D
Company goods for sale on consignment at a consignment shop
IIA
IIA-CHAL-QISA
Q3:
Which of the following is the next step in understanding a business process once an internal auditor has identified the process?
○
A
Determine process outputs○
B
Determine process inputs.○
C
Determine process activities.○
D
Determine process goals
IIA
IIA-CHAL-QISA
Q4:
Which of the following offers the best explanation of why the auditor in charge would assign a junior auditor to complete a complex part of the audit engagement?
○
A
The senior auditors are unavailable, as they are currently working on other portions of the engagement○
B
The auditor in charge believes that the junior auditor should obtain a specific type of experience.○
C
The audit engagement has a tight deadline and the work must be completed timely.○
D
The auditor in charge is unable to identify audit staff with all of the required skills needed to complete the engagement
IIA
IIA-CHAL-QISA
Q5:
Operational management In the IT department has developed key performance indicator reports, which are reviewed in detail during monthly staff meetings. This activity is designed to prevent which of the following conditions?
○
A
Knowledge/skills gap.○
B
Monitoring gap.○
C
Accountability reward failure○
D
Communication failure